An ethical person - like a politician, banker or lawyer - may know right from wrong, but unlike many of them, a moral person lives it. An Americanist first already knows that.
Bankers and their government agents will always act in their own best interests. Any residual benefit flowing down to the citizens by happenstance will just be litter.

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Monday, September 23, 2013

Obama Asks Congress To Give Up Its Oversight On Secret TPP Agreement

With the Congress itself being a security-risk for us as it is now, we would NOT bet against Obama. True, Congress could not care any less as it is now so this exercise may just be a backpedal event. Set yourself up to accept another joint betrayal by the two crime families.

by Mike Masnick

Mon, Sep 23rd 2013

from the that's-not-a-good-thing dept

We've talked a few times about how the USTR and the administration are asking Congress for "trade promotion authority," which would effectively let it bypass Congressional oversight of the Trans Pacific Partnership (TPP) agreement. In fact, in many ways the USTR has been acting as if it already has this. The specifics of "trade promotion authority" or "fast track authority" are a bit down in the weeds, but the short version is that it's the administration asking Congress to completely abdicate its authority and mandate in overseeing international trade agreements. Basically, it removes the ability of Congress to seek any fixes or amendments to a trade agreement -- only allowing them to give a yes or no vote.

This might not be such a big deal if the TPP wasn't negotiated in near total secrecy. We've been told that a final agreement is getting close, but no official text has been released at all. What we know of the IP section is one draft that leaked out from well over a year ago. And, now, we're going to get a product that will be released to the public with little time for debate and no way to make changes should the public point out how ridiculous and dangerous it is.

And, of course, President Obama is insisting it's necessary to undermine the authority of Congress with a secret agreement that will have tremendous impact on Americans... just because he wants it. He announced to "the President’s Export Council" that "We're going to need Trade Promotion Authority." Let's be clear: the only reason the administration "needs" TPA is so that it can ram through the agreement without letting Congress do its oversight job. Trade Promotion Authority offers no benefit to the public at all. All it does is make sure that the USTR has less oversight and fewer limitations on selling out the public for a few big special interests.

The "Export Council" which is basically made up of leaders of those big special interests who are looking for protectionist (not "free trade") policies that help their bottom line, but harm the American public, made an even more ridiculous statement:

“We believe that new TPA legislation is critical to America’s trade leadership in the world,” the group said in one of eight letters to Obama it approved at the meeting.

Did you get that? They're claiming that if we actually let Congress do its Constitutionally-mandated job that somehow undermines America's "trade leadership?" Does anyone take this even remotely seriously? Of course, the problem is that very few are paying attention to this. "Trade Promotion Authority" sounds boring and if some big business leaders claims it's necessary, Congress will probably go with it -- even though it subverts their own powers.

If the USTR had actually been transparent, had released negotiating texts so that the public could give feedback, and that feedback was reflected in the eventual agreements, then maybe you could see how trade promotion authority might make sense. But when you have a secret agreement, driven in large part by industry lobbyists, which the public still hasn't been allowed to see, how could anyone possibly have a legitimate reason for suggesting that Congress abdicate its oversight role?